"Oakland" Lake Merritt Fast Casual Restaurant turn-key opportunity!

, California 3 views 0 favorites

Financial Highlights
Asking Price
$180,000
Business Description

A Turn-key fast-casual restaurant located in a front & center near Broadway & West Grand Ave. close to 19th st Oakland Bart station, Shake Shack, We Work office building, and a mix of independent and chain restaurants with a short walk to Lake Merritt in Oakland, California is one of the most unique urban spaces in the United States. Its Prime location is a stone's throw from the main throughway close to Thomas L Berkley Way, and Harrison St. Many tech companies and start-up companies along with Kaiser Hospital nearby servicing the local residents and merchants. **This is a great opportunity for a seasoned operator or new business owner to take over the restaurants in a busy commercial corridor part of town** The business owner can sell everything including, the choices are endless: 1) Fried Chicken & Waffles Fast Food Restaurant 2) Sports bar & Grill 3) Sushi /Asian Fast food takeout 4) Ramen / noodle bar 5) Winebar & Tapas 6) Poke Bar 7) Boba Tea and ice cream dessert shop Restaurant Details & Fully Equipped with a hot commercial kitchen. *Tastefully remodeled both unique and contemporary styling *Full Refrigeration walk-in cooler *All FF&E (Furniture, Fixture & Equipment) are inclusive of sale *Type 1 commercial hood / 10 feet *Seller will provide training on kitchen equipment if need be. *Type 41 Beer & wine license - included with sale *1,500 sf + 2nd Floor Mezzanine 300sf+/- office and storage *$4,850 Gross Rent through the term (Covid-19 Relief) * Rent $5,066+ NNN ($350) Normal Rent *Lease Term through 7/31/2022 * 5-year options to extend or longer per landlord approval. *Seating for 40 people + outdoor seating *Landlord seek Buyer/Tenant to have previous experience and solid operationally and financially. *Asking Price $180,000 (???)If you are currently in the restaurant & catering business and looking to expand, this may be an ideal retail location for you, if you are looking to take over an existing cafe restaurant opportunity business owner is willing to learn, sellers will be willing to teach. However, the restaurant name and recipes will not be part of the sale of the business. *For further details, please inquire today via email or call Riki~Restaurant broke (650)302-6795 to schedule an appointment to see this charming cafe restaurant. **Pictures in the advertisement are not meant to depict the actual business for sale, it's to give the prospective buyer a frame of reference for the various types of business concepts.** Location: Oakland, California Year Established: 2014 Number of Employees: 5 Real Estate: Leased Rent: $5,350.00 Per Month Lease Expiration: 7/31/2027 Facilities: Fully built out restaurants walk-in cooler, for restaurants and catering use, can be type 1 hood 10ft ,prep kitchen, mezzanine with additional storage and office space. Website: www.lakemerritt.org/ Market Outlook/ Competition: Prime off-Broadway location, close to Bart Station, Lake Merritt, downtown shopping with retail, offices, restaurants and residents. Growth & Expansion: Social Media and online 3rd party applications for delivery and pick up through door dash, uber eats, and others to increase business exposure and sales volume.

Business Details
Industry:
Restaurants & Food
Real Estate Included:
No
About the Seller
AU
Admin User
6498
Active Listings
New
Member Since

Listed: Apr 21, 2022

Updated: 2 weeks ago

Views: 3

Favorites: 0